Diamondrock hospitality says had cash on hand of about $360 mln as of june 5

Diamondrock hospitality co - as of june 5, 2020, had cash on hand of about $360 million.diamondrock hospitality co - exploring possible modifications to existing hotel management and franchise agreements.diamondrock hospitality co - continue to work with lenders to provide flexibility on certain financial covenants.diamondrock hospitality co - agreed to a term sheet to extend maturity of mortgage loan secured by the salt lake city marriott downtown to january 2022.diamondrock hospitality co - in discussions with certain hotel managers, franchisors regarding potentially amending or restructuring certain agreements.diamondrock hospitality co - on june 1, converted sheraton suites key west to independent hotel, barbary beach house key west.diamondrock hospitality - since march 31, commenced phased reopenings at seven of hotels where co suspended operations in march or april 2020.diamondrock hospitality co - as of june 5, have not received any of the requested relief related to certain conditions of loans on hotels through cmbs.
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